(28 AUGUST 2017)EUR / USD:Bullish breakout.

(28 AUGUST 2017)EUR / USD:Bullish breakout.

28 August 2017, 13:27
Jiming Huang


Bullish breakout.

(By Yann Quelenn)

• EUR/USD short-term bullish pressures are 

increasing. The pair has broken hourly resistance 

at 1.1910 (02/08/2017 high) while hourly support 

lies at 1.1662 (17/08/2017 low). Expected to show 

increasing bullish pressures. 

• In the longer term, the momentum is now 

turning largely positive. We favour a continued 

bullish bias. Key resistance holding at 1.1871 

(24/08/2015 high) has been broken while strong 

support lies at 1.0341 (03/01/2017 low).

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